22-03-2016

India’s Gulf Petrochem starts offering bunker fuel at Pipavav

GulfPetrochem.jpg

Indian energy company Gulf Petrochem has started supplying bunker fuel at Pipavav port in Gujarat on India’s west coast, a company source said Monday.

The company’s indications for 380 CST are $380/mt and for marine gasoil $680/mt, the source said. It is not supplying 180 CST at the moment, he added.

Gulf is currently supplying fuel alongside vessel at berth and has applied for port approval to supply from a barge, the source said.

“We should know the outcome in two month’s time,” he added.

The barge would have a capacity of 700 mt and would enable Gulf to supply vessels in the Gulf of Khambhat with 600 mt of bunker fuel rather than the current 200-250 mt lots made available by trucking bunker fuel to Hazira, he said.

Pipavav is located on the opposite coast to Hazira port at the entrance to the Gulf of Khambhat. “We can cut down on road transport, save a lot more on logistics… do a lot more,” he said.

Pipavav is located around 153 nautical miles northwest of Mumbai and has a storage capacity of 248,000 cubic meters across 46 tanks with capacities ranging from 2,000 to 10,000 cu m.

The port is operated by global terminal operator A. P. Moller-Maersk Group and has annual traffic of 3.5 million mt/year. It handles a full spectrum of petroleum products, vegetable oil and petrochemicals and has separate pipelines to the berth for clean and dirty products.

Source: Platts

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